Mechanical Engineering Degree from University of Maryland – College Park Return on Investment

See what the return on investment is for jobs that someone with a Mechanical Engineering degree from University of Maryland – College Park is likely to work in.

F D C B A
Approximate Total Payment $117,291
Approximate Total Interest $33,197
Monthly Payment $814.52
Assumed Loan Type Direct Subsidized
Assumed Repayment Plan Standard Fixed
Assumed Payoff Years 12
Assumed Scholarship Amount $0
Assumed Down Payment $0

Top job projections for graduates in mechanical engineering from university of maryland - college park

Mechanical engineers

Projection Rating: A-

Median Annual Wage: $99,510

Percentage of Paycheck to Repay: 9.82%-7.31%

Employment Change: 32.1%

Entry-Level Education: Bachelor's degree

Aerospace engineers

Projection Rating: A-

Median Annual Wage: $130,720

Percentage of Paycheck to Repay: 7.48%-5.56%

Employment Change: 4.1%

Entry-Level Education: Bachelor's degree

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When considering a Mechanical Engineering degree from the University of Maryland - College Park, potential students often weigh the return on investment (ROI) of their education. This esteemed program not only equips graduates with a robust foundation in engineering principles but also enhances their career prospects in a competitive job market.

The University of Maryland - College Park is recognized for its cutting-edge research facilities and innovative curriculum, providing students with hands-on experience that is invaluable in the field. Graduates emerge with practical skills and knowledge that are highly sought after by employers, leading to lucrative job opportunities.

According to recent statistics, the average starting salary for mechanical engineering graduates from the University of Maryland is significantly above the national average, reflecting the high demand for skilled engineers in various industries such as aerospace, automotive, and renewable energy. Additionally, many graduates find themselves in positions with strong growth potential, making this degree a smart financial decision.

Furthermore, the university offers numerous resources to support students in their career development, including internships, co-op programs, and networking events with industry leaders. These opportunities not only enhance the educational experience but also contribute to a higher ROI by giving students a competitive edge when entering the job market.

In conclusion, pursuing a Mechanical Engineering degree from the University of Maryland - College Park is a strategic investment in your future. With a combination of high earning potential, strong job placement rates, and comprehensive support services, graduates can expect a favorable return on their educational investment, setting them on a path to success in the engineering field.

Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.

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